As of October 31, 2024, the total newly registered capital, adjusted and contributed capital to buy shares purchase of foreign investors reached over 27.26 billion USD, a year-on-year rise of 1.9%. The capital generated by FDI projects was estimated at 19.58 billion USD, up 8.8% over the same period in 2023.
Accumulated to October 31, 2024, the whole country has 41,501 valid projects with a total registered capital of 492.26 billion USD. The accumulated realised capital of foreign investment projects reached about 316.76 billion USD, equaling 64.3% of the total valid registered investment capital.
Details are as follows:
I. FDI INFLOWS OF VIETNAM
1. FDI attraction in the first ten months of 2024
1.1. FDI performance:
Realised capital:
By the end of October, disbursement of FDI projects were estimated to reach 19.58 billion USD, up 8.8% year-on-year.
Import and export performance:
Export: Export (including crude oil) was about 242.1 billion USD, up 13% year-on-year, accounting for 72.1% of export turnover. Export (excluding crude oil) was over 240.5 billion USD, an increase of 13.1% from a year earlier, accounting for 71.6% of the country’s export turnover.
Import: Imports of the foreign-invested sector attained nearly 199.7 billion USD, an increase of 16.3% over the previous period and accounting for 63.8% of the country’s import turnover.
In the first ten months of 2024, the FDI sector saw a trade surplus of about 42.4 billion USD including crude oil and over 40.8 billion USD excluding crude oil, while the domestic sector had a trade deficit of 19.4 billion USD.
1.2. Investment registration
By the end of October, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at about 27.26 billion USD, a year-on-year rise of 1.9%.
Of which:
Newly registered capital: There were 2,743 projects worth 12.23 billion USD, were granted licenses, down 1.4% % in number and up 2.5% in value year-on-year.
Adjusted capital: There were 1,151 projects had their capital added with a total of 8.35 billion USD, up 6% in number and 41.7% in value year-on-year.
Capital contribution and share purchases: There were 2,669 capital contribution and share purchases by foreign investors (down 10.4% year-on-year) with a value of more than 3.68 billion USD (down 29% year-on-year).
(Detailed data in Appendix I attached)
By sector:
Foreign investors poured funds into 18 out of 21 sectors in the national economic classification system, of which the processing and manufacturing industry took the lead with approximately 17.1 billion USD, making up 62.6% of the total and falling 13.5% from the same period last year. The real estate came next with a total investment of 5.23 billion USD, accounting for 19.2% of the total and 2.38 times higher compared with the same period last year. Followed were electricity production and distribution, and wholesale and retail with 1.12 billion USD and 1 million USD, respectively.
It is also worth noting that the wholesale and retail was the sector with the largest number of new projects (35.3%) and capital contributions and share purchases (41.9%). The processing and manufacturing led in the number projects had their capital added (66.8%).
By counterpart:
There were 106 countries and territories investing in Vietnam in the first ten months of 2024. Singapore was Vietnam’s leading source of foreign investment with more than 7.79 billion USD, making up 28.6% of the total FDI registered in the country (up 61.3% year-on-year). China came second with over 3.61 billion USD, making up 13.3% of the total, and up 5.4% compared with the same period last year. Next were South Korea, Japan, Hong Kong (China) and so on.
Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 28.8%); South Korea topped the list when it comes to turns of capital adjustment (23%) and capital contributions and share purchases (25.7%).
By location:
The foreign investors had invested in 55 provinces and cities nationwide in the first ten months of 2024. Bac Ninh led the way with a total registered capital of approximately 4.7 billion USD, making up 17.2% of the total and 3.15 times higher than the figure of previous year. Ho Chi Minh ranked second with about 2.1 billion USD, accounting 7.7% of the total and falling 12.7% as compared with the same period last year. Quang Ninh ranked third with a total registered capital of 1.98 billion USD, accounting for 7.2% of the total. Followed by Hai Phong, Ba Ria - Vung Tau, Binh Duong, Hanoi and so on.
Ho Chi Minh City was the best performer in attracting new projects (41.9%) and capital contributions and share purchases (70.9%). Bac Ninh led in turns of adjusted capital (14.5%).
(Detailed data in Appendix II attached)
2. Evaluation of the FDI performance in the first ten months 2024
- The ten-month adjusted capital continued to grow robustly (41.7%) over the same period. However, new capital felt by 2.5%, although the number of new projects still increased slightly by 1.4%. The reason is that this month saw mostly small-scale projects, with a few of them having capital from over 100 million USD to over 300 million USD. Meanwhile, in October 2023 alone, there were three large-scale projects worth between 500 million USD and 1.5 billion USD.
- Investment still focused on cities and provinces that have more advantages such as infrastructure, stable human resources, efforts to reform administrative procedures, and active investment promotion, like Bac Ninh, Ho Chi Minh City, Quang Ninh, Hai Phong, Ba Ria - Vung Tau, Binh Duong, Ha Noi, Dong Nai, Bac Giang, and Ninh Thuan. These ten localities accounted for 79.9% of the country’s new projects and 70.9% of the total investment capital in the ten months.
- Asian and traditional investors accounted the most proportion in the nine months (those from Singapore, China, South Korea, Japan and Hong Kong (China)). These five partners accounted for 73% of newly-registered projects and 76.5% of total national investment capital).
- Many large-scale projects in the fields of semiconductors and energy (production of batteries, photovoltaic cells and silicon bars), component manufacturing, electronic products, and high value-added products received significant investment in the ten-month period.
- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of 42.4 billion USD (including crude oil) and 40.8 billion USD (excluding crude oil), the FDI sector offset the trade deficit of 19.4 billion USD of the domestic business sector, helping the country have a trade surplus of about 23 billion USD in the first ten months of 2024.
3. Accumulated foreign investment by the end of October 2024
Accumulated as of October 30, 2024, the whole country has 41,501 valid FDI projects with a total registered capital of over 492.26 billion USD. The accumulated realized capital of FDI projects is estimated at about 316.74 billion USD, equaling 64.3% of the total valid registered investment capital.
- By sector: Foreign investors have invested in 19 out of 21 sectors in the national economic classification system, in which the processing and manufacturing accounted for the highest proportion with 299.8 billion USD, accounting for 60.9% of the total investment capital. It was followed by real estate sector with 72.35 billion USD (representing 14.7%); electricity production and distribution with about 41.67 billion USD (or 8.5%).
- By counterpart: There were 148 countries and territories having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of nearly 87.4 billion USD (accounting for 17.8% of the total). Singapore ranked second with over 81.1 billion USD (representing for 16.5%), followed by Japan, Taiwan (China), and Hong Kong (China).
- By location: FDI has been present in all 63 provinces and cities nationwide, of which Ho Chi Minh City remained the leading province in attracting foreign investment with over 58.3 billion USD (accounting for 11.8% of the total investment capital), followed by Hanoi with 42.2 billion USD (or 8.6% of the total investment capital), Binh Duong with over 42.1 billion USD (representing 8.6% of the total investment capital).
(Detailed data in Appendix III attached)
II. FDI OUTFLOWS OF VIETNAM
In the first ten months of 2024, Vietnamese investors invested 124 new projects abroad and 21 projects saw capital adjustment. Vietnam’s total investment were over 473.1 million USD (up 11.5% year on year).
Vietnamese investors have invested in 15 sectors abroad. Of which, science and technology activities took the lead (accounting for 42.4%), followed by processing and manufacturing industry (accounting for 15%) and mining (or 12.4%). The rest were other sectors.
There were 30 countries and territories receiving investment from Vietnam in the first ten months of 2024, namely the Indonesia (27%), India (19%), and Laos (16.5%).
Accumulated as of the end of October, Vietnam had 1,789 valid aboard investment projects with total registered investment capital of 22.4 billion USD.
Vietnam’s investment aboard focuses mainly in: mining (31.4%); agriculture, forestry and fishery (15.1%). The areas receiving the most investment from Vietnam were Laos (24.8%); Cambodia (13.1%); and Venezuela (8.1%)./.
(Detailed data in Appendix IV and V attached)
Translated by Bao Linh
Ministry of Planning and Investment